THEODORE R. MCKELDIN, GOVERNOR                     11

The Comptroller shall immediately, upon the sale of and payment
for said certificates, first, return to and credit the Treasury for a sum
equivalent to the amount expended as provided for in Section 4 of
this Act; the remainder of the proceeds of said loan shall be credited
on the books of the State Treasury Department, to be expended as
needed by the State, upon approval by the Board of Public Works
for the purposes specified hereinabove in this section.

SEC. 6. And be it further enacted. That all unexpended funds
remaining from completed projects authorized under this Act shall
be transferred to the Annuity Bond Fund and shall be applied to the
debt service requirements of the State, said transfer to be made one
year after the date of the final acceptance of the project by the State,
said date of final acceptance to be certified in writing to the Board
of Public Works by the Department of Public Improvements.

SEC. 7. And be it further enacted, That if any projects listed in
this Act shall not have been contracted for within two years from
the effective date of this Act, then such project shall be deemed to
have been abandoned. If the total loan authorized herein shall have
been issued within two years from the effective date of this Act, then
the amount specified herein for said abandoned project shall be trans-
ferred to the Annuity Bond Fund and shall be applied to the debt
service requirements of the State. If, however, the total loan author-
ized herein shall not have been issued within two years from the
effective date of this Act, then the total issuable Certificates of In-
debtedness authorized herein shall be reduced by the amount specified
herein for said abandoned project.

SEC. 8. And be it further enacted, That for the purpose of the
payment of the principal of and the interest on the bonds or Certifi-
cates of Indebtedness issued under the provisions of this Act as the
same become due and payable, the Department of Employment Secur-
ity shall pay annually into the Annuity Bond Fund that part of the
sum of money granted to the said Department of Employment
Security by the United States Department of Labor as rental for the
building or buildings purchased or constructed for the use of the
Department of Employment Security by use of funds obtained under
the provisions, of this Act, as shall be required to make the principal
and interest payments due in that year.

SEC. 9. And be it further enacted, That in addition, there shall
be and is hereby levied and imposed an annual State tax on each one
hundred dollars of assessable property at a rate to be determined in
the following manner: on or before December 1, 1958, and on or
before December 1 in each calendar year thereafter, the Board of
Public Works shall certify to the governing bodies of each of the
counties and of Baltimore City the rate of State tax on each one
hundred dollars of assessable property necessary to produce revenue
to meet all interest and principal, if any, which will be payable to
the close of the next ensuing calendar year on all bonds or Certifi-
cates of Indebtedness theretofore issued, or theretofore authorized by
resolution of the Board of Public Works to be issued, under provi-
sions of this Act, and the governing bodies of each of the Counties
and Baltimore City shall forthwith levy and collect such tax at such
rate.